Tax Tips and Traps

My November 2016 newsletter is available in downloadable PDF format here.  This issue provides information on the following important tax considerations:

• Tax ticklers-some points to consider
• Canadian industry statistics-how do I compare?
• Benefit paid to shareholder employees-taxable?
• Mutual funds-corporate class and switch funds
• Transferring property to a family member-taxable transaction?
• Teachers-this credit is for you!
• Charities-ineligible individuals can get your organization de-registered
• Registered Education Savings Plan (RESP)-distribution of funds
• Documents required to claim a US foreign tax credit

We are accepting new clients and we look forward to assisting you with your tax and accounting needs.

The February 2016 issue of Tax Tips and Traps is available in downloadable PDF format here.  This issue leads with the potential impact of the new Liberal Federal Government on your finances.

My 2015 Personal Income Tax Return Checklist can be downloaded here.  We are accepting new clients and welcome any referrals.

My analysis of the recent 2016 Government of Canada budget is available in downloadable PDF format here.  This issue provides detailed analysis of many of the important aspects of the budget released on March 22, 2016 and how they may affect you.

Our June 2016 newsletter is available in downloadable PDF format here.  This issue provides information on the following important tax considerations:

• potential increased Canada Pension Plan (CPP) costs for employers
• principal residence exemption
• USA real estate
• Canada Child Benefit (CCB)
• Teachers and Early Childhood Educator School Supply Tax Credit
• Employer responsibilities concerning tips and gratuities

We are accepting new clients and we look forward to assisting you with your tax and accounting needs.

My September 2016 newsletter is available in downloadable PDF format here.  This issue provides information on the following important tax considerations:

• Child Tax Benefit--get yours today!
• Selling your business?
• CRA installment notices
• Looming life insurance changes
• Losing the small business deduction
• Director liability

We are accepting new clients and we look forward to assisting you with your tax and accounting needs.